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Stock impact report

Sequans Secures Standstill Agreements on Existing Debt Maturities [Yahoo! Finance]

Sequans Communications S.A. American Depositary Shares (SQNS) 
Last sequans communications s.a. american depositary shares earnings: 4/23 06:00 am Check Earnings Report
US:NYSE Investor Relations: sequans.com/investors
Company Research Source: Yahoo! Finance
provider of 5G/4G solutions for IoT devices, issued a statement regarding the imminent maturity of debt obligations in the coming days. Sequans has secured standstill agreements from its three main financial debt holders, Lynrock Lake, Nokomis, and Renesas. The agreements grant an initial one-month standstill period that may be further extended subject to certain milestones being met. The goal is to provide sufficient time for the Company to effectively negotiate and finalize a new strategic transaction, thereby securing a long-term solution that aligns with the interests of all stakeholders. "We recognize the importance of transparency and commit to maintaining open communication as we navigate all our strategic options," said Georges Karam, Sequans CEO. "Our top priority remains the sustainable growth and success of Sequans, and we are dedicated to taking all necessary steps to ensure a favorable outcome for the Company. The termination of the Memorandum of Understanding between Show less Read more
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